"The expenses are a million a day, which will not be patiently borne, no matter who the people are, without corresponding results.

"There is a feeling of gloomy dread in the public mind here of coming misfortune, and let me ask you what will be the effect upon the public opinion of the North if this city should be taken. The enemy is in great force, daily increasing, victorious, defiant, and in spirit and condition to be aggressive. If he does not soon attack the capital he will be restrained only by prudential or political considerations.

"The North may as well, however, look that probable event square in the face. Thus, after a rule of five months of this wretched Cabinet, with a great nation supporting it, with imperial resources at command, approved and animated by a self-sacrificing patriotism rarely equalled, we are disgraced, dishonored before the world, and scarcely in a condition to act bravely on the defensive. Soon France and England may interfere, and then, pray, what is our condition?

"You will probably remember what I said at our first meeting at the hotel of the strength and resources of the South, and of the incapacity of this Cabinet to grapple with the palpitating hearts.

"I am no prophet, but it seems as if we are only approaching a mighty revolution.

"I am mortified and humiliated that the great, brave American people have such representatives at the head of their government.

"For what are we fighting? Congress has no voice, except of adulation for political paramours, and this quailing, squirming Cabinet is dumb.

"I have never even seen Lincoln. Mr. S. told the other day that a Western gentleman of distinction said to him: 'Unless you soon change this Cabinet the people will change you, and it—'

"The New York papers are congratulating the country upon the loan. That is well, and I am gratified at the confidence in the honor and resources of the nation, yet regretting that the bankers did not make conditions, knowing that incapacity and rascality sit enthroned at the head of the War and Navy departments. Banks, it is said, has been ordered to advance his lines nearer the Potomac. McClellan is doing as well as he can—has good administrative ability. 'Tis said the lines are widening between him and Scott. Scott is infirm, and falls asleep at a brief talk. Chase is chiefly responsible for placing McDowell in command of the advancing army—and thus of our defeat.

"Please give my kind regards to Judge Pierrepont and Barbour, and with best wishes, I remain,